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Jun 30, 2023
Y-mAbs Q2 2023 Earnings Report
Y-mAbs reported financial results for the second quarter of 2023, marked by continued revenue growth of DANYELZA and international expansion with regulatory approval in Brazil.
Key Takeaways
Y-mAbs reported DANYELZA net product revenues of $20.8 million for the quarter ended June 30, 2023, representing an increase of 112% over the comparable period of 2022. The company's cash and cash equivalents are expected to support operations into 2026.
DANYELZA net product revenues increased by 112% compared to the same quarter last year.
International revenues included $3.5 million from a China commercial launch inventory stocking order.
DANYELZA has been delivered to 56 centers across the U.S., a sequential increase of 6% since the first quarter of 2023.
Net loss for the second quarter ended June 30, 2023, was $6.3 million, compared to a net loss of $41.1 million for the quarter ended June 30, 2022.
Revenue by Geographic Location
Forward Guidance
Management reiterates its full year 2023 financial guidance, as updated on May 8, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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